Nashik's Pankaj Parakh breaks Guinness World Record for most expensive gold shirt

Pankaj Parakh, also known as 'the man with the golden shirt' has earned himself a place in the Guinness World Records (GWR).

The GWR certificate, issued on 3 May, credits Parakh as the owner of the world's most expensive gold shirt in the world. The shirt cost Rs 98,35,099 as on 1 August, 2014.

Parakh, who made his fortunes from a garment business is also the Nationalist Congress Party's Deputy Mayor of Yeola town in Nashik district.

A team of 20 select artisans spent 3,200 hours over two months to craft the 18-22 carat pure gold strands, to the last thread and 'stitch' it.

The shirt, which weighs 4.10 kg, is currently valued at over Rs 1.30 crore. It is supplemented by other golden paraphernalia including a gold watch, several gold chains, large gold rings, a gold mobile cover and golden-framed spectacles - the total weight of this opulence being a whopping 10 kilograms.

"This is simply unbelievable. I am a small man from a remote area in Maharashtra. I am happy that this achievement had catapulted my village name into the whole world," the Hindustan Times quoted Parakh as saying.